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Richfield Oil Corporation was an American petroleum company based in California from 1905 to 1966. In 1966, it merged with Atlantic Refining Company to form the Atlantic Richfield Company (later renamed ARCO).
The merger of the two oil companies took place in January 1966, forming Atlantic Richfield Company. Two years later, the biggest oil discovery in the Western Hemisphere was made in Prudhoe Bay, Alaska, with Atlantic Richfield the biggest federal leaseholder in the state.
6 days ago · In 1977, as part of an attempt to diversify out of a dependence on petroleum, Atlantic Richfield bought the Anaconda Company, a miner and processor of copper, aluminum, and uranium and a manufacturer of copper and aluminum products.
- Kenai Peninsula/Cook Inlet
- Prudhoe Bay
- Kuparuk
- Alpine/Npr-A
- Exploration
Richfield Oil Co., a predecessor of ARCO, which was later acquired by Phillips Petroleum Co., was involved in the early discoveries of oil and gas on Alaska’s Kenai Peninsula and in Cook Inlet. Richfield drilled the first well at Swanson River in July 1957 and struck oil. Alaska’s first governor, Bill Egan, later credited Swanson River with providi...
On the North Slope, a different story was being played out. In 1966, ARCO almost gave up on its leases after drilling a number of dry holes. But their last effort, the Prudhoe Bay StateNo. 1 well, struck oil and gas in April 1967. The completion of a second well in March 1968 confirmed the discovery of the super-giant Prudhoe Bay Field, the largest...
ConocoPhillips also owns 94.5 percent of North America’s second-largest oil field, the Kuparuk River Field. The field, located 40 miles west of Prudhoe Bay, was discovered in 1969 by Sinclair Oil Corp., acquired that year by ARCO. ConocoPhillips operates the field and continues to develop it.
In March 2000 Phillips Petroleum purchased ARCO Alaska’s assets for $7 billion. Two years later, in August 2002, Conoco Inc. merged with Phillips Petroleum to form ConocoPhillips – and ConocoPhillips Alaska became Alaska’s largest oil and gas producer. The company’s newest field is in the Colville River Unit, also known as Alpine, located 34 miles ...
ConocoPhillips is one of the largest holders of federal and state leases in Alaska, with significant interests in National Petroleum Reserve Alaska (NPR-A), and other undeveloped acreage on the North Slope. In all, ConocoPhillips has drilled more than 58 exploration wells since 2000, including 28 in NPRA. Significant oil exploration and development...
Richfield Oil began in the petroleum business in 1915 as the Rio Grande Oil Company of El Paso, Texas. At the time, its main business was supplying U.S. military forces with gasoline in support of operations against Pancho Villa.
Mar 2, 2011 · To save surveying time and money, Bishop threw unrolling toilet paper tubes out a plane to mark the road path. The new road was punched through very quickly and drilling started in April, 1957. Richfield hit oil at a depth of 11,140 feet (3,395m) and announced the strike on July 23, sending headlines reaching to the nation’s capital.
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The company chose Phillips 66 as its new brand name, one that endured and achieved classic status. In 1930 Phillips added to its refining and retailing capacities when it acquired Independent Oil Gas Company, which was owned by Waite Phillips, another Phillips brother.
